The 345,000-square-foot rental building will be converted into 339 high-end apartments, according to the filing with the attorney general's office. Related plans come as other developers are trying to benefit from the strong sales market in the city. It will join other Upper East Side rentals like the Wellington at 200 E. 62nd St. that will soon offer luxury apartments for sale.

Add a Comment

Please leave a comment

We welcome your thoughtful comments. Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Crain's New York Business. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification. Comments may be used in the print edition at editorial discretion.